June 4, 2018

Category: Business News

REI offers up to £5 million to boost West Midlands business

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Birmingham-based publicly-listed property company Real Estate Investors plc (REI), is offering to boost one or more West Midlands developers, investors or entrepreneurs with equity from £250,000 up to £5 million for a promising opportunity.

The REI equity will be made to a West Midlands individual or business, with applicants invited to send in a one-page synopsis explaining their proposal and why it requires funding.

A shortlist will be drawn up and the winning entries chosen by a panel of property experts at REI.

REI chief executive officer Paul Bassi said: “We are open minded as to ideas. They could be early stage finance for property development or investment, where the business has the land or property but does not have the finance to complete the project. It could be a potentially successful retail, residential industrial or office idea.”

Expressions of interest are invited in a one-page format to invest@reiplc.com and must be submitted by 31 July 2018. The REI panel will consider them during August and the winner will be announced in September 2018.

Ends (174 words)

For further information, please contact:

Paul Bassi CBE DL D.UNIV,
Chief Executive, Real Estate Investors plc, 2nd Floor, 75/77 Colmore Row, Birmingham B3 2AP
0121 212 3446

www.reiplc.com

Prepared and issued by Andy Skinner of ASAP, 01789 490786, mobile, 07990 978257

About Real Estate Investors plc

Real Estate Investors Plc (REI Plc) is a publicly quoted, internally managed property investment company and REIT with a portfolio of 1.5 million sq ft of commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.
The company’s strategy is to invest in well located, real estate assets in the established and proven markets of central Birmingham and the Midlands, with income and capital growth potential, realisable through active portfolio management, refurbishment, change of use and lettings. The portfolio has no material reliance on a single asset or occupier.
On 1st January 2015, the company converted to a REIT. Real Estate Investment Trusts are listed property investment companies or groups not liable to corporation tax on their rental income or capital gains from their qualifying activities.
The company aims to deliver capital growth and income enhancement from its assets, supporting a progressive dividend policy. Further information on the Company can be found at www.reiplc.com

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